INSUBCONTINENT EXCLUSIVE:
India's forex reserves have risen in first week of FebruaryMumbai (Maharashtra): India's foreign exchange (forex) reserves rose by
by the Reserve Bank of India (RBI).According to RBI's weekly statistical supplement, foreign currency assets rose by $2.251 billion to
$568.329 billion during the week under review.Expressed in US dollar terms, the foreign currency assets include the effect of appreciation
or depreciation of non-dollar currencies like Euro, UK's Pound sterling, Japanese Yen held in the foreign exchange reserves.Foreign
currency asset is the biggest component of the country's forex reserves
Other components of the forex reserves include gold, SDRs, and reserve position in the International Monetary Fund (IMF).India's special
billion for the week under review.
